Hormel Foods Corp., the manufacturer of SPAM and Jennie-O turkey products, has announced it has paired up with compatriot agribusiness company Cargill Inc. to sell beef and pork in a new joint venture company. The new entity will trade as Precept Foods LLC and sees Cargill's Excel Corp. meatpacking unit supplying fresh pork and beef to US retailers under the programme under the existing Hormel 'Always Tender' brand.